Project Sage 3.0: Key insights from the latest gender lens investing report

Much like the larger umbrella of impact investing, gender lens investing—investing to generate financial returns and a positive impact on women—continues to grow. Exactly how big is this field, and how fast is it growing?

Fearless Girl bronze statue on Wall Street standing in front of the bull statue.

Project Sage 3.0 has these answers. It is the latest report that collected data through 2019 to quantify this growth and analyze the field’s latest trends. This report was researched and published by Wharton Social Impact Initiative and consultancy Catalyst at Large.

A follow up to previous reports Project Sage (data through 2017) and Project Sage 2.0 (data through 2018), this latest report is a landscape analysis of structured private equity, venture capital, and private debt funds with a gender lens. Over 138 total funds and structured vehicles were included in this latest analysis, with data collected through December 2019.

Among the findings, the number of funds continues to grow significantly, while gender lens funds remain predominantly first-time funds. The definition of gender lens investing remains broadly defined, and many funds’ investment criteria focus on gender as well as other forms of diversity.

Read more at the Wharton Social Impact Initiative.